The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LendingTree Inc shares valued at $516,360 were purchased by LEBDA DOUGLAS R on Dec 06 ’24. At $39.72 per share, LEBDA DOUGLAS R acquired 13,000 shares. The insider’s holdings grew to 121,599 shares worth approximately $4.73 million following the completion of this transaction.
Also, Totman Scott V. purchased 3,750 shares, netting a total of over 144,725 in proceeds. Following the buying of shares at $38.59 each, the insider now holds 18,192 shares.
Before that, Enlow-Novitsky Heather had sold 564 shares from its account. In a trade valued at $29,633, the General Counsel & Corp Sec. traded LendingTree Inc shares for $52.54 each. Upon closing the transaction, the insider’s holdings decreased to 564 shares, worth approximately $0.0.
As published in a research note from Keefe Bruyette on February 28, 2024, LendingTree Inc [TREE] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $45 from $24. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in early January. As of February 28, 2023, Susquehanna has decreased its “Positive” rating to a “Neutral” for TREE.
Analyzing TREE Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, LendingTree Inc shares have jumped approximately 0.28%. Shares of the company reached a 52-week high of $41.20 on 01/06/25 and a 52-week low of $38.26 on 01/08/25. A 50-day SMA is recorded $43.60, while a 200-day SMA reached $46.97. Nevertheless, trading volume fell to 0.22 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for LendingTree Inc (TREE)
According to the 24-hour chart, there is a support level at 38.18, which, if violated, would cause prices to drop to 37.50. In the upper region, resistance lies at 39.62. The next price resistance is at 40.38. RSI (Relative Strength Index) is 41.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 75.25%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
